Saint-Gobain accelerates in Asia with two targeted acquisitions
PRESS
RELEASE
July 27, 2026
Tour Saint-Gobain • 12 place de l’Iris • 92400 Courbevoie • France • Tél. +33 1 88 54 00 00 • www.saint-gobain.com
SAINT-GOBAIN ACCELERATES IN ASIA WITH TWO TARGETED ACQUISITIONS
Saint-Gobain announces two acquisitions in the Asia-Pacific Region – where the Group delivered 9.0% sales growth in local currencies in the first quarter of 2026 – reinforcing its positioning on high-growth, value-creating businesses in the region.
- In Vietnam, Saint-Gobain has completed the acquisition of Phu My Innovative Materials (PMIM), one of the country’s largest and most advanced plasterboard facilities, generating revenues of around €20 million in 2025 with a strong growth potential. Supported by a strong network of 3,200 retailers and 15,000 installers (x2 since 2022), Saint-Gobain holds leading positions in Vietnam in gypsum, light steel framing, cement board and construction chemicals. With 12 plants in the country, the Group offers integrated solutions for residential, non-residential and infrastructure markets, generating revenues of more than €200 million in 2025, 2.5 times the level ten years ago. The acquisition strengthens Saint-Gobain’s presence in Vietnam and enhances its ability to serve the growing demand for lightweight, efficient and sustainable building solutions across the country.
- In Japan, Saint-Gobain has entered into a share transfer agreement to acquire AGC’s majority stake in AGC Polymer Materials, a leading provider of polyurethane waterproofing and flooring solutions with sales of around €50 million in 2025. The transaction will reinforce Saint-Gobain’s construction chemicals platform in Japan with GCP and expand its exposure in the country where it generated revenues of more than €300 million in 2025. The acquisition is expected to close in the first quarter of 2027.
These acquisitions are fully aligned with Saint-Gobain’s “Lead & Grow” strategic plan, which aims to strengthen the Group’s leadership in high-growth regions such as Asia-Pacific.
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services adapted to the residential, non-residential and infrastructure markets. Its integrated and innovative solutions provide sustainability, performance and well-being for its customers. The Group is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.
46.5 billion in sales in 2025
162,000 employees, locations in 81 countries
Committed to achieving net zero carbon emissions by 2050
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on LinkedIn Saint-Gobain
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|---|---|
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Tour Saint-Gobain • 12 place de l’Iris • 92400 Courbevoie • France • Tél. +33 1 88 54 00 00 • www.saint-gobain.com